Hong Kong Court recognises and grants assistance to PRC liquidators for the first time

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14th février 2020

Hong Kong Court recognises and grants assistance to PRC liquidators for the first time

In the first ever application of its kind from administrators of a company in liquidation in the PRC, the Hong Kong Court of First Instance in Re CEFC Shanghai International Group Limited (In Liquidation in the Mainland of the People’s Republic of China) [2020] HKCFI 167 recognised PRC liquidation proceedings and granted assistance to PRC administrators, including a stay of proceedings against the insolvent company in Hong Kong.